Fanti, Luciano; Gori, Luca - Dipartimento di Economia e Management, Università … - 2011
–357), reveals that a higher degree of product differentiation may destabilise the market equilibrium. Moreover, we show that a … cascade of flip bifurcations may lead to periodic cycles and ultimately chaotic motions. Since a higher degree of product … differentiation implies weaker competition, then a theoretical implication of our findings, that also constitute a policy warning for …